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The final CPI release before the Fed's meeting is expected to be released at 8:30 a.m. ET on Wednesday. Wall Street economists expect headline inflation rose 2.7% annually in November, an increase ...
Goldman analysts this week projected that this time around a shutdown would reduce GDP growth by 0.15 percentage points for each week of stoppage — but then boost GDP growth by the same amount ...
And airline fares increased by 3.9%, a rise that Pantheon Macroeconomics traced to a busy holiday travel season. The cost of medical services rose 0.2% but that’s down from recent increases.
Recently, progress on inflation appeared to be stuck or, at worst, reversing: A closely watched gauge of underlying price hikes — an index that excludes highly volatile categories — hadn’t ...
The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its ...
“We don’t think we need further cooling in the labor market to get inflation below 2%,” Powell said at his news conference. The unemployment rate, while still low at 4.2%, has risen nearly a ...
For the most part, bad economic news likely could help convince the Fed that the time is right to start lowering interest rates. The one exception is higher inflation, which would push the Fed ...
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